Time Warner Announces Executive Changes in Investments Group

NEW YORK – Allison Goldberg has been appointed Senior Vice President, Time Warner Investments, succeeding Rachel Lam, who has announced she will be leaving Time Warner this spring, after 14 years leading the group.

In making the announcement, Time Warner Inc. Executive Vice President, International and Corporate Strategy, Olaf Olafsson today said: “Allison has played a pivotal role in numerous strategic initiatives with our Investments group. She is highly respected both within the venture capital community and within our company for her innate ability and foresight to identify potential investments that benefit investee companies as well as enhance our businesses. I am confident that she will lead our Investments group to continued success.”

Mr. Olafsson added: “On behalf of the company, I want to thank Rachel for her leadership, her friendship and her valuable contributions to Time Warner. Over the past 14 years she has led and built our very successful Investments group, serving our strategic goals while achieving first-rate financial returns. She will be greatly missed, and I thank her for her dedication, insight and expertise as I wish her all the best in her next chapter.”

Background on Ms. Goldberg
Ms. Goldberg joined Time Warner in 2001, serving most recently as Vice President and Managing Director of the Time Warner Investments group, which targets new opportunities in early to mid-stage companies that generate strategic value for Time Warner’s businesses.

She serves as a director or active observer on the boards of several portfolio companies including Amino, Bustle, Discord, Dynamic Signal, Fuse Media, Joyus, Mashable, Outpost Games, Trion Worlds, and YieldMo. Prior to joining Time Warner, Ms. Goldberg worked as a Venture Capital Associate at Groupe Arnault and in Investment Banking with Morgan Stanley’s Global Media Group.

Ms. Goldberg received a B.S. degree in Economics, with concentrations in Finance & Operations and Information Management, from the Wharton School of the University of Pennsylvania.

Background on Ms. Lam
Ms. Lam has been the head of the strategic investing arm of Time Warner Inc. since 2003. She currently serves on the boards of Mashable, Kamcord, Simulmedia and Tremor Video (NYSE: TRMR). Over the past 14 years, Ms. Lam has led numerous investments in early-stage digital media companies and managed Time Warner’s exits from the following portfolio companies: Maker Studios (sold to Disney), Bluefin Labs (sold to Twitter), Admeld (sold to Google), Playspan (sold to Visa), MediaVast (sold to Getty Images), CrowdStar (sold to Glu Mobile), Kosmix (sold to Walmart), iSocket (sold to the Rubicon Project) and ScanScout (sold to Tremor Video). Before returning to Time Warner in 2001, Ms. Lam worked in venture capital and private equity at Quetzal/Chase Capital Partners, and at CSFB Equity Partners, respectively. Prior to that, she was Director, Office of the President at Time Warner Inc., where she worked directly for former Time Warner CEO, Richard D. Parsons on corporate transactions and strategic initiatives. In addition, Ms. Lam spent several years in investment banking, focusing on the media sector at Credit Suisse First Boston and on mergers and acquisitions at Morgan Stanley.

She received a B.S. degree in Industrial Engineering and Operations Research from U.C. Berkeley and an MBA degree from Harvard Business School.

About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.